|Bid||31.26 x 800|
|Ask||31.50 x 1300|
|Day's Range||31.22 - 32.95|
|52 Week Range||31.22 - 42.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||39.60|
Slack primarily makes money selling annual or monthly subscriptions to large organizations. Slack says its product helps increase collaboration, transparency, and organizational agility. Apart from providing a chat room for office teams, Slack has become more of an operating system for the workplace. Just like Facebook is the foundation for many consumer logins, Slack’s chat interface has the potential to be the basis for digital services and apps used at work.
One of the most prominent Silicon Valley VC firms, known for being among the backers of Google, Slack and Spotify, is reconfirming its interest in a local early-stage startup by pouring more capital in a newly announced round of funding.
San Francisco Board of Supervisor Gordon Mar will instead make another run at his proposed IPO tax for the 2020 ballot.
Shares in Slack Technologies have cooled off since its initial public offering in June. Slack stock continues to win buy ratings, amid competition with Microsoft's Team collaboration software.
Several Wall Street analysts this week have initiated coverage of Slack Technologies Inc (NYSE: WORK ) following the expiration of the company’s IPO quiet period. The Analyst Credit Suisse analyst Brad ...
The top two in PitchBook's second-quarter ranking aren't investors that most people would think of as the region's top startup backers.
(Bloomberg) -- Slack Technologies Inc. added three new bulls as hopes are high for the company that makes software for workers to chat and collaborate on projects.“Slack will replace or severely displace email over the next several years,” William Blair analyst Bhavan Suri wrote. “Unlike email, Slack has been purposefully architected to support integrations with other software applications and is designed to foster collaborative team communication.”Barclays and Canaccord also started coverage of the company that opted for a direct listing on the New York Stock Exchange. By doing so, Slack bypassed the usual fundraising process of an initial public offering and allowed shareholders to sell right away without a lockup period. The shares climbed as much as 3.6% on Monday after falling in six of the prior seven sessions.William Blair sees the addressable market near $46 billion, much higher than the $28 billion that the firm said the company is projecting. Suri sees a high growth rate over the next several years.Slack’s product offers workers another tool that may boost productivity, wrote Raimo Lenschow at Barclays, who set a Street-high $45 target on the stock. The potential is enormous if the company succeeds in supplanting email as the dominant way to interact.“If successful, this would create a new, very large market (millions of email users) enabling Slack to be one of the very large, future software leaders -- hence our excitement on this name,” Lenschow said.Meanwhile, Canaccord analyst Richard Davis called Slack’s real-time chat engine “the most advanced, easiest to use and most integrated to other applications” in the market.Slack now has six buys, two holds and no sell ratings, with an average price target of $40, according to data compiled by Bloomberg. The shares have fallen about 10% since their first-day pop.To contact the reporter on this story: Derek Hall in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Across the globe, 23 startups achieved unicorn status in the second quarter, of which 19 are in the U.S. Bay Area startups accounted for nearly half of all unicorns created worldwide.
The $165.2 billion exit value from IPOs and M&A; in the first half of this year has already surpassed every full year total on record, according to PitchBook Data and the National Venture Capital Association. Here are the Bay Area's 10 biggest exits in Q2.
Microsoft said that Teams has more than 13 million daily users, compared to Slack's last reported user count of 10 million.
Jennifer Tejada is an improbable Silicon Valley CEO but a likely template for its foreseeable future. She’s part of a wave of executives at enterprise-software companies in the San Francisco Bay Area that are leaving an imprint with flashy financial results, business models that resonate with investors, and socially conscious policies.
CEO of Slack Technologies Inc (NYSE:WORK) Stewart Butterfield sold 113,763 shares of WORK on 07/02/2019 at an average price of $37.06 a share.
What has so far been a banner year for tech initial public offerings is expected to receive a substantial jolt Thursday when messaging platform Slack Technologies Inc. debuts in a direct listing.
Shares of business-to-business SAAS (software as a service) companies like Slack and PagerDuty have outperformed consumer tech firms.